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Comparison of Contract Law of the People's Republic of China with The...

Contract Law Force Majeure In Ohio

Category:

Contracts - Contract Law

State:

Multi-State

Control #:

US-00103BG

Format:

Instant download

Description

A comparison the United States law of contracts with the law of contracts of the People's Republic of China.

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Ohio courts have recently noted that the implementation of a force majeure clause to excuse nonperformance under a contract is a "relatively new. A forcemajeure clause is contractual provision allocating the risk of loss if performance becomes impossible or impracticable.Force majeure refers to a clause contained in many contracts that frees a person or business from the performance of a contract. Contractual force majeure provisions allocate risk of nonperformance due to events beyond the parties' control. These clauses typically list specific circumstances that will excuse one or more of the contracting parties' delay in performance or non-performance.

Contract Law Force Majeure In Ohio

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